In 2020, many professional services firms applied for and received loans from the Paycheck Protection Program (PPP), courtesy of the United States Small Business Administration. Viewed as a key business lifeline at the time, the recent passage of the Consolidated Appropriations Act, 2021—replete with second round of Paycheck Protection forgivable loans—holds significant ramifications for pass-through … Continue reading Ebb Tide: Tax & Compensation Implications Around PPP Loans